Cadila Healthcare is in the uptrend in all time frames. Primary (Monthly), Weekly (Intermediate), and Daily (Short Term).
Trading Plans - An analysis without a proper trading plan is very much useless. It's trading that makes money, not fancy analysis.
Plan - A
On a daily chart, the price is trading in a rising channel, recent consolidation formed a falling wedge chart pattern.
Expecting price to breakout and continue its prior trend.
Entry - Above 338
Stop - 320
Target - 449
Risk-Reward 1:6
Plan - B
Take a long entry when price pullback to the prior resistance zone, which is a 290-300 price zone. I will update the trade accordingly if and when happens.
On a weekly chart, the price already broke a prolonged falling channel.
On a monthly chart, the Price went up in an impulsive wave after forming a double bottom and currently consolidating at 0.38% Retracement.
I will be updating this idea frequently as per the price behavior.
If you have any alternative analysis in Cadila Healthcare, do share in the comments.
Thank you,
EEz
Trading Plans - An analysis without a proper trading plan is very much useless. It's trading that makes money, not fancy analysis.
Plan - A
On a daily chart, the price is trading in a rising channel, recent consolidation formed a falling wedge chart pattern.
Expecting price to breakout and continue its prior trend.
Entry - Above 338
Stop - 320
Target - 449
Risk-Reward 1:6
Plan - B
Take a long entry when price pullback to the prior resistance zone, which is a 290-300 price zone. I will update the trade accordingly if and when happens.
On a weekly chart, the price already broke a prolonged falling channel.
On a monthly chart, the Price went up in an impulsive wave after forming a double bottom and currently consolidating at 0.38% Retracement.
I will be updating this idea frequently as per the price behavior.
If you have any alternative analysis in Cadila Healthcare, do share in the comments.
Thank you,
EEz
交易進行
交易結束：達到停損點:
Cadila, Stop-loss hit. Any single tick below 320 is a stop-loss triggered. No Waiting, and No Watching.
Trading set-up is still tradeable once it's closes above 338 If 318 holds. I will buy it once again at 340.
Or else wait for lower levels at 290-300.
Trading set-up is still tradeable once it's closes above 338 If 318 holds. I will buy it once again at 340.
Or else wait for lower levels at 290-300.